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“At this time of year, prices for pollock are usually significantly higher. Most likely, the reason is the weak Russian ruble against the US dollar, which makes the current low pollock prices acceptable for Russian suppliers, and they agree to sell pollock in dollars cheaper than usual at this time of year,” Efremov told IntraFish. Photo: IntraFish

Low prices for Russian pollock partly offset by 80% jump in exports to China

Expectations are that Russia's weak currency will strengthen in the coming months and lead to higher prices later this year.

15 September 2023 7:01 GMT Updated 15 September 2023 7:01 GMT

By Evgeny Vovchenko

Russian headed and gutted (H&G) pollock prices in China are now at around $1,200 (€1,126) per metric ton, much lower than usual at this time of year.

“The price is really low,” said Alexander Efremov, CEO at Vladivostok-based Russian pollock and salmon harvesting company Dobroflot.

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Low prices for Russian pollock partly offset by 80% jump in exports to China